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ND.GOV | North Dakota
The BND Story

The BND Story

  • Overview
  • 1915-1919
  • 1920-1949
  • 1950-1989
  • 1990-2019
  • 2020-Today

Returns to the General Fund

BND Profits and Payments to General Fund and Other Funds (in thousands)

The Legislature appropriates the transfer of capital to the state’s general fund. Every legislative session, the state’s budget needs are reviewed, and the amounts designated from BND’s capital will vary based upon the needs of the state and BND’s desire to maintain liquidity and capital.

The Bank’s first transfer to the state’s general fund occurred in 1945 – $1,725. Since then, more than $1 billion has been transferred for the general fund and special programs. This has lowered tax rates for residents of North Dakota.

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1990-2021

  • An Economic Development Bank
  • Returns to the General Fund
  • Partnering with Local Financial Institutions
  • Role in Disaster Relief
  • Home Ownership
  • Postsecondary Education Funding
  • Infrastructure Funding
  • Bank Managers
    • John H. Hoeven
    • Eric A. Hardmeyer

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PO Box 5509, 1200 Memorial Hwy.
Bismarck, ND 58506-5509
800.472.2166
701.328.5600
bnd.nd.gov
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